Solana’s $593 Potential: Key Technical Indicators Point to Major Surge
- CoinGecko predicts Solana could hit $593 if its market cap matches Ethereum’s.
- Peter Brandt forecasts a price surge for Solana, potentially exceeding $700 with a breakout.
- Solana’s TVL recovery and social presence signal growing demand and market strength.
CoinGecko, a crypto analytics platform, predicts Solana may soon experience a major price surge. The platform revealed that if Solana’s market cap equaled Ethereum’s, each SOL could theoretically be worth $593. This forecast is optimistic for SOL, as key technical indicators suggest the market is starting to rise.
Did you know: If $SOL had the market cap of $ETH, 1 SOL would be worth $593? pic.twitter.com/dFzBxnJWFF
— CoinGecko (@coingecko) May 26, 2025
As of press time, SOL is trading at $178, reflecting a 20.50% gain from its low of $141.50 in May. A bullish crossover between the 20-day and 50-day exponential moving averages (EMA) signals that upward momentum is building. This indicates that price growth may continue.
Peter Brandt’s Solana Analysis: Key “Cup & Handle” Targets $518, Could Hit $700 Long-Term
Analyst Peter Brandt believes Solana could rise sharply due to…
The post Solana’s $593 Potential: Key Technical Indicators Point to Major Surge appeared first on Coin Edition.
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